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tonight, cramer is talking to the ceo to get a real read on the economy, just ahead. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jim cramer at tweeter. have a question? send him a tweet or send him an e-mail or give us a call. 1800-743-cnbc. miss something? head to madmoney.cnbc.com. it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the ones we love. new lysol power & free has more cleaning power than bleach. how? the secret is the hydrogen peroxide formula. it attacks tough stains and kills 99.9% of germs. new lysol power & free. powerful cleaning that's family friendly. another step forward in our mission for health. laura's being healthy and chewing her multivitamin. introducing one-a-day vitacraves for women! finally, a great-tasting gummy multivitamin designed... for women with more calcium and vitamin d. it's gummies for grown-ups. new one-a-day vitacraves for women. it's gummies for grown-ups. chances are, you're not made of money, so
tonight, cramer is talking to the ceo to get a real read on the economy, just ahead. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jim cramer at tweeter. have a question? send him a tweet or send him an e-mail or give us a call. 1800-743-cnbc. miss something? head to madmoney.cnbc.com. it's time to change the way we clean. it's time to free ourselves from the smell and harshness of bleach. and free ourselves from worrying about the...
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this one on domestic matters and the economy. it's already been a long race. voting is underway already in 34 states, and the polling numbers are still on the move. as you'll see in just a moment. first, we want to begin with peter alexander in denver where they're getting ready for the big moment tomorrow night. good evening. >> good evening to you. when president obama and mitt romney step on the stage behind me tomorrow night, it's going to be the first time they've seen each other face to face in nearly five years. to give you a sense of just how crucial his performance is, romney aids brought podiums into his hotel conference room late today to help him simulate the real thing. fueling up for an afternoon study session today. >> governor, are you ready for tomorrow? >> i'm getting there. >> reporter: he's been practicing 12kizingers to sharp critique the president, may have gotten help from an unlikely ally. vice president joe biden today. >> hugh they can justify raising taxes on the middle class has been buried the last four years. how in lord's name ca
this one on domestic matters and the economy. it's already been a long race. voting is underway already in 34 states, and the polling numbers are still on the move. as you'll see in just a moment. first, we want to begin with peter alexander in denver where they're getting ready for the big moment tomorrow night. good evening. >> good evening to you. when president obama and mitt romney step on the stage behind me tomorrow night, it's going to be the first time they've seen each other...
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ben bernanke will keep record low interest rates to spark the economy even after if regains momentum. >>> analysts say winter shopping will rise 4.1% this year. that's slightly lower than predictions for the last two years. >>> jpmorgan chase is the first target of the justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns carried out billions of dollars in mortgage-backed securities fraud. >>> american express has agreed to pay $112.5 million to settle federal charges of illegal late fees. >>> the multi-billion dollar fraud carried out by bernard madoff began as far back as the early 1970s. this is according to a rewritten indictment bringing four charges against four long time employees. >>> a trader joe's peanut butter recall has spread to chains including whole foods, target and stop and shop. >>> honda is recalling 600,000 accords that may have a faulty power steering hose that can leak fluid and cause a fire. >>> congratulations to yahoo's marissa mayer. the new ceo and her husband welcomed their first child, a baby boy. >>> and in seatt
ben bernanke will keep record low interest rates to spark the economy even after if regains momentum. >>> analysts say winter shopping will rise 4.1% this year. that's slightly lower than predictions for the last two years. >>> jpmorgan chase is the first target of the justice department investigation into the financial crisis. a civil lawsuit alleges bear stearns carried out billions of dollars in mortgage-backed securities fraud. >>> american express has agreed to...
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for its past 30 years we've been shifting from a w-2 economy to a 1099 economy. in other words, more and more companies are using contract workers and consultants to get things done. and that represents a huge opportunity for people with experience and expertise. and best of all, you don't have to ask anyone's permission to get started. you know, it's true that self-employment can be difficult. it involves more risk, and it can take awhile to get invested-- established. but it also offers incredible rewards like higher hourly rates and complete independence. and with social media revolutionizing the field of personal branding, it's never been easier to position yourself as an expert in your industry. and that adds up to a great way to get your life back on track while helping our sluggish economy at the same time. i'm patrick-- . >> tom: that is nightly business report here that's nightly business report for monday, october 1. have a great evening everyone, and you too tom. >> tom: goodnight susie, we'll see you online at: www.nbr.com and back here tomorrow night
for its past 30 years we've been shifting from a w-2 economy to a 1099 economy. in other words, more and more companies are using contract workers and consultants to get things done. and that represents a huge opportunity for people with experience and expertise. and best of all, you don't have to ask anyone's permission to get started. you know, it's true that self-employment can be difficult. it involves more risk, and it can take awhile to get invested-- established. but it also offers...
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that is how we grow our economy. in fact, we have weathered this economy fairly well here in the state of nebraska because the ago economy has been strong, because it has carried us through. that is recognized all across the state. >> senator, kerrey, 30 seconds. >> everything she sedition i agree with. -- everything she said that i thank i agree with. i am not quite sure what she said. my problem with what senator fisher talks about here and in other areas is that her signing of the northwest pledge, her support of this particular balanced budget amendment will necessitate deep cuts in everything she talks about wanting to do. in this case, crop insurance. we authored that back in the 1990's. we have to push beyond the rhetoric and ask the question. what is the impact on nebraska of the fisher plan? >> we hear about the northwest pledge. that is a pledge i have made to the people of nebraska. senator nelson has signed that as well. when ronald reagan was president, we had a debt of $1 trillion. today it is $16 trill
that is how we grow our economy. in fact, we have weathered this economy fairly well here in the state of nebraska because the ago economy has been strong, because it has carried us through. that is recognized all across the state. >> senator, kerrey, 30 seconds. >> everything she sedition i agree with. -- everything she said that i thank i agree with. i am not quite sure what she said. my problem with what senator fisher talks about here and in other areas is that her signing of...
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your office needs covered unfortunately staples business model has the destruction of the american economy covered to tell you why and i still eat it. most of the rest of the news this week the two thousand and three u.s. soldier was killed in afghanistan this is the nation's longest running war and it's also the forgotten war the two thousand death of an american soldier didn't get near the attention it deserves in our corporate media nor did how many afghan civilians have been killed in this war the u.n. estimates that more than thirteen thousand innocent afghan civilians have died so far although the u.n. only started keeping track in two thousand and seven six years after the war started so the numbers probably much closer to twenty thousand or maybe even many more than that a lot of dead innocent men women and children today would turn. in the middle east the mainstream media asked silly questions about the muslim world like why do they hate us maybe it has something to do with those civilian death tolls it's becoming increasingly creasy only obvious that drone warfare is a real part
your office needs covered unfortunately staples business model has the destruction of the american economy covered to tell you why and i still eat it. most of the rest of the news this week the two thousand and three u.s. soldier was killed in afghanistan this is the nation's longest running war and it's also the forgotten war the two thousand death of an american soldier didn't get near the attention it deserves in our corporate media nor did how many afghan civilians have been killed in this...
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economy forecast growth next year is 2%, 2% minus 2% equals zero. you are pretty much at the recession stage. bo pelley: there are about 12.5 million americans who lost their jobs in the great recession. we have seen our economy in cecession or stumbling along since late 2007. and a lot of americans just want to know when does this end. >> well, i would say that there is good news lurking out there. and in particular the fact that he housing market is picking up is, in our view, a clear sign tiat the situation is improving. when you see that the financial institutions have been clearly strengthened, restructured and made a little bit safer and that ste housing market is picking up. that's not bad. >> pelley: not bad, but next week the i.m.f. is expected to theunce that it's lowering its forecast for world growth to 3% this year. two days before the first presidential debate a new poll irsthe "washington post" finds pe race still very tight nationwide with president obama leading mitt romney by two rints, 49% to 47%. but in two of the biggest swing t
economy forecast growth next year is 2%, 2% minus 2% equals zero. you are pretty much at the recession stage. bo pelley: there are about 12.5 million americans who lost their jobs in the great recession. we have seen our economy in cecession or stumbling along since late 2007. and a lot of americans just want to know when does this end. >> well, i would say that there is good news lurking out there. and in particular the fact that he housing market is picking up is, in our view, a clear...
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it makes that economy weaker in a way but also more integral i think the clash is on values right now we are standing at a point in he's studying which we don't. the market doesn't reflects anymore the values that participants would like to seeing it so people drop out and invent their own tools i think would be made legal thing to have is an opportunity and alternative because at least it sends a signal to these monopolies and to it is fraudulent too big to fail. that if they continue doing like to act if they don't lease then then people will go another way whether the people we need to do that or not that's i think an articulated negotiation that we have to unfold in he story right there is a bit of contention now in the big going community whether to stay completely outside of the current legal framework or to risk being subsumed by in the speaker up to by it as now we see wide scale corruption throughout the entire global economy now our current financial muntari systems are filled with all sorts of laws and yet as the financial system is proven they like any integrity into the v
it makes that economy weaker in a way but also more integral i think the clash is on values right now we are standing at a point in he's studying which we don't. the market doesn't reflects anymore the values that participants would like to seeing it so people drop out and invent their own tools i think would be made legal thing to have is an opportunity and alternative because at least it sends a signal to these monopolies and to it is fraudulent too big to fail. that if they continue doing...
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if we want to call it like that from toward the white economy in a moment in which she didn't want it to respect the way they felt like producing food and eating it so we have communities like. many of them in england that have constituted also did little money without using high technology for it you were. not base heating didn't add in many other places toward. discount of couldn't see by like currencies and for the hackers i think the turning point for beat corn was in a moment in week sure we could leaks had to cut their funding sources there by us to actually receive donations that was a time in which network neutrality was actually a private one violated and hackers are not feeling any more debt that is the network reliable for their operations that's all the time we have general thanks so much for being on the kaiser report thank you. stacy that's going to do it for this edition of the kaiser report with me. please do so at times reporting r t t v are you until next time next kaiser. my parents really truly honestly believe that what had happened was as a result of my father's
if we want to call it like that from toward the white economy in a moment in which she didn't want it to respect the way they felt like producing food and eating it so we have communities like. many of them in england that have constituted also did little money without using high technology for it you were. not base heating didn't add in many other places toward. discount of couldn't see by like currencies and for the hackers i think the turning point for beat corn was in a moment in week sure...
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the wealth, the growth, the economy the prosperity was shared. since then, however, those wedge economics came in. what you've seen is productivity has continued to grow about 80% since 1973. but the average hourly compensation of an average worker has grown only 10%. the ceos' pay has quadrupled, the income of the people at the top 1% has grown 600%. the census bureau says the average male worker since 1978 is making just the same pay adjusted for inflation so it's flat in the middle and it's soaring up at the top. tremendous inequality. i think you're right. people don't favor ex-appropriation. americans are more tolerant of economic inequality than europeans and asians but you do see in poll after poll people are... there's too many wealth concentrated at the top. there's too much power in washington lobbyists. the tax system should be chaiked to raise taxes on the top brackets. two-thirds of americans agree in almost every poll to those numbers so there is sentiment to change things. but there's not anger in any kind of rebellious sense of wo
the wealth, the growth, the economy the prosperity was shared. since then, however, those wedge economics came in. what you've seen is productivity has continued to grow about 80% since 1973. but the average hourly compensation of an average worker has grown only 10%. the ceos' pay has quadrupled, the income of the people at the top 1% has grown 600%. the census bureau says the average male worker since 1978 is making just the same pay adjusted for inflation so it's flat in the middle and it's...
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the economy. he's actually focus more on his own economy and obama and his staff has spoken more to the message of the economy. you can see he is talking somewhat positively about his programs but also talking more negatively about mitt romney in terms of the economy. when he is talking about character, he's got some very negative on mitt romney as opposed to speaking up his own character. i will show you the equivalent of that in mitt romney. mitt romney is spending more time talking about his character. he is splitting his time between promoting his character and making negative statements about president obama's character. the interesting thing about this chart is that not only is the economy, is he talking less about the economy than what pulled -- than what people believe he is doing what he is also focusing more negatively on obama when speaking then he's been positive about putting forth a plan of his own. i think he listened to the right wing pundits to much in terms of saying this economy
the economy. he's actually focus more on his own economy and obama and his staff has spoken more to the message of the economy. you can see he is talking somewhat positively about his programs but also talking more negatively about mitt romney in terms of the economy. when he is talking about character, he's got some very negative on mitt romney as opposed to speaking up his own character. i will show you the equivalent of that in mitt romney. mitt romney is spending more time talking about his...
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many say the economy has stalled. we're going to break it down. >>> plus oil companies throw money at mitt romney like there is no tomorrow. but a new study shows their business is actually better with a democrat in the white house. we have the surprising details. >>> two of america's greatest pastimes together. football and victoria secret models. why the nfl blitz by the underwear company might be pure business brilliance. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines a surprise surge in u.s. manufacturing gave stocks a triple digit boost. that was early on though and it trade faded. the dow closed up 77 points. one possible reason, ben beanke. the fed chairman defended his money printing ways today but he also said congress must do more to ss ace the recovery. >>> american express will pay more tan $112 million. regulators allege that amex misled customers about debt collected, discriminated against certain card applicants and charged improper la
many say the economy has stalled. we're going to break it down. >>> plus oil companies throw money at mitt romney like there is no tomorrow. but a new study shows their business is actually better with a democrat in the white house. we have the surprising details. >>> two of america's greatest pastimes together. football and victoria secret models. why the nfl blitz by the underwear company might be pure business brilliance. even when they say it's not it is always about money...
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we got good news today on the economy. overall, auto sales were up 13% last month from a year before. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's-largest economy, but they're reporting record unemployment. in spain, unemployment among young people is 50%. mark phillips went to bars low that to see what happens when an economy goes into freefall. >> reporter: spain can be a deceptive place. in the early autumn sunshine and in the markets groaning with foodstuffs it's difficult to tell this is a country with a collapsing economy and unemployment rate of 25% that threatens to take the rest of europe and maybe even the united states economy down with it. but wait until they close up at barcelona's boqueria market and follow the porters out bac
we got good news today on the economy. overall, auto sales were up 13% last month from a year before. among the u.s. automakers, ford sales were unchanged, g.m.'s were up 1.5%, chrysler reported a 12% increase. there hasn't been enough good news like that on the economy. the recovery, of course, is painfully slow and one of the biggest reasons is the recession in europe. the 27 countries of the european union add up to the world's-largest economy, but they're reporting record unemployment. in...
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he is very optimistic about the economy, usually. even he yesterday with using the recession worse than the possibility of falling back. have you completely discounted that possibility? >> no. i think it is -- the likely impact will be something less than that. when you only have 4% or so nominal gdp growth, there is not much of a question. i do think if we get a big hit as related to the fiscal cliff, i think a recession is all but inevitable. dagen: uncertainty is always used. you never know what the future will hold. this time we are really uncertain. how you handle it for your clients? do you say there i a 60-ready chance? >> we have laid out numbers for our clients. purely as a play on the fiscal cliff, i think that is fairly dangerous. there are a lot of investors whether it is solely for that reason. the election, to some degree, it is related. uncertainty about taxes and regulation in particular is the number one concern they have right now. there is a declining number. connell: you do find reason to be positive? >> i do. con
he is very optimistic about the economy, usually. even he yesterday with using the recession worse than the possibility of falling back. have you completely discounted that possibility? >> no. i think it is -- the likely impact will be something less than that. when you only have 4% or so nominal gdp growth, there is not much of a question. i do think if we get a big hit as related to the fiscal cliff, i think a recession is all but inevitable. dagen: uncertainty is always used. you never...
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in the economy. i never met the poorest performer, either. it is about presenting -- the poorest farmer, either. let me talk about mistakes. i have made mistakes. before i got elected, i said my daughters are available on national tv. that was a pretty big mistake. i am still paying for that one. the difference between i make a mistake, i corrected. i immediately corrected. professor warren, when she made a mistake and misled the voters of massachusetts, it is not that she did not hear the question. this went on for five weeks of the media asking her specifically how they came to know that she was a native american. >> he always ask you professor warren. you think he is trying to cast you as an elitist professor in the eyes of the voters? does that bother you? >> it does not bother me. i worked very hard for this and it does not bother me. >> the boston globe reported she is proud of being a professor. whenever i see my professors from school, i say hello professor so-and-so. she has earned the title
in the economy. i never met the poorest performer, either. it is about presenting -- the poorest farmer, either. let me talk about mistakes. i have made mistakes. before i got elected, i said my daughters are available on national tv. that was a pretty big mistake. i am still paying for that one. the difference between i make a mistake, i corrected. i immediately corrected. professor warren, when she made a mistake and misled the voters of massachusetts, it is not that she did not hear the...
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up and down the economy. the question really is joe biden to normal folks, who do you trust going forward and who is going to get you out of this? you may make fun of him but he comes out as a fighter. ashley: maybe stick to take other people's speeches, referencing when he plagiarized the uk labor leader speech back in '87. >> i remember that, actually. a problem with him now, my question, talk about how hard-pressed the middle class is now, he is right to say that, usually don't you hold the incumbent accountable for the economic woes we are facing? ashley: he blamed the previous president. >> to my point, if the middle class is hurting, i think you hold the incumbent accountable. i don't believe romney has proposed raising taxes on on the middle class, he is raising reckless tax cuts. that i would support. >> the answer, the argument really is who do you trust to make them better going forward? it seems the president is winning that argument. ashley: perhaps he has been very successful in business, could b
up and down the economy. the question really is joe biden to normal folks, who do you trust going forward and who is going to get you out of this? you may make fun of him but he comes out as a fighter. ashley: maybe stick to take other people's speeches, referencing when he plagiarized the uk labor leader speech back in '87. >> i remember that, actually. a problem with him now, my question, talk about how hard-pressed the middle class is now, he is right to say that, usually don't you...
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now, jim has already said, the first three subjects will be the economy, the economy, the economy. then the fourth subject will be health care. medicare, financing, and health care financing. to what your panelists were just talking about, this topic will i think this goes if you want the think about how to simplify the debate, one of my other bosses said, how much government really wants to match the much are we really willing to pay for? that is pretty simple. neil: that is what every election, if you think about it comes down to parry the middle of a crisis, but to that point, you say that 15 minutes, address these insurance. there are still time done answers to each question. can they go at each other, you know, unencumbered by a moderator or dominion know, something that it's in the way of them getting at each other? >> absolutely. the only ground rule is there will be a question posed at the beginning of each segment to each candidate and then they get about two minutes to go lay out what they have to say on an issue like the deficit, infrastructure, the economy. and then the
now, jim has already said, the first three subjects will be the economy, the economy, the economy. then the fourth subject will be health care. medicare, financing, and health care financing. to what your panelists were just talking about, this topic will i think this goes if you want the think about how to simplify the debate, one of my other bosses said, how much government really wants to match the much are we really willing to pay for? that is pretty simple. neil: that is what every...
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but they will come at him on the economy. what is the response going to be? >> well look, i think the president -- the response obviously is two fold. let's talk about where we've come from, losing 800,000 jobs a month to 30 plus months of positive private sector job growth, added 5 million jobs, you know, since we hit the bottom and -- but i think what's most important and voters want to hear is what you going to do as president going forward and i think the president will be anxious to talk about bringing manufacturing jobs back from overseas and putting americans back to work, improving our educational system, recruiting and training math and science teachers to get our children prepared for those important jobs. >> those are goals. those are goals and mitt romney has goals. but when are -- >> no, no andrea -- >> specific. >> it is not a goal to end tax breaks for companies that move jobs overseas and incentivize them to come back and create a million jobs in manufacturingp. we've seen the greatest increase in manufacturing jobs in more than 20 years under
but they will come at him on the economy. what is the response going to be? >> well look, i think the president -- the response obviously is two fold. let's talk about where we've come from, losing 800,000 jobs a month to 30 plus months of positive private sector job growth, added 5 million jobs, you know, since we hit the bottom and -- but i think what's most important and voters want to hear is what you going to do as president going forward and i think the president will be anxious to...
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on the way christmas trees abandoned like old but some economy. scorched earth that once served as a refinery patches of oil everywhere. the menace scorning us have taken a risk the village chiefs people in high places get dividends from illegal refineries but the feeling of a dead end the point of no return is drowning them in indignation. after a moment we stopped in the middle of an expanse of blacks do you know nothing on the surface but the end of a plastic pipe half emerging the well is here is the here others work there's a bite and the grown you b.s. there is that transfer. by. connecting the flow stations to bony tell me there's a dummy not a but a wedding is gloat export queue crude oil from day and the pipes i've been lead on diagram from here to bony erase which is the thirteen people from here use it for collecting the crude oil flow when they see that one to see the day they leak and be good to disport it because it looks from the ground up they want to get to the points on the trail when they get did he put two hoots on the selfies
on the way christmas trees abandoned like old but some economy. scorched earth that once served as a refinery patches of oil everywhere. the menace scorning us have taken a risk the village chiefs people in high places get dividends from illegal refineries but the feeling of a dead end the point of no return is drowning them in indignation. after a moment we stopped in the middle of an expanse of blacks do you know nothing on the surface but the end of a plastic pipe half emerging the well is...
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>> the economy has to get better. we've had this in the summer for the past two or three years in a row, and every economy rebounds. if we're going to have a rebound in the holiday season, that could be great and help to put people back to work, and allow them to spend a little bit more freely. we also have a long holiday season. november starts out on a thursday, which means thanksgiving comes early as it can come, and the most space between thanksgiving and christmas to get the spending n. >> susie: a few more shopping days in there. thanks, bob. nice to talk to you. robert brusca, chief economist. >> tom: in europe, spain's >> tom: in europe, spain's prime minister dashed hopes the country will ask for a bailout soon. that request would help trigger the european central bank's latest bond-buying program, seen by investors as helpful for the markets. here in the u.s., the dow lost almost 33, the nasdaq gained 6.5, and not much change for the s&p; it's up about a point. >> reporter: i'm darren gersh. still ahead, bot
>> the economy has to get better. we've had this in the summer for the past two or three years in a row, and every economy rebounds. if we're going to have a rebound in the holiday season, that could be great and help to put people back to work, and allow them to spend a little bit more freely. we also have a long holiday season. november starts out on a thursday, which means thanksgiving comes early as it can come, and the most space between thanksgiving and christmas to get the spending...
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is a fifteen trillion dollar economy so one point six trillion dollars is about ten percent of that ok and so now you're saying that and deficit spending of the thankfully a tax could have a tax fall most debt and most heavily on and the populace even if evenly on everybody and everyone and that's the problem with that there is no progress it would be to it it is a flat tax for all intents and purposes on every dollar of production because each dollar of credit in currency is devalued and so you need more of them and yet your salary and your you know your other income typically doesn't go up so there is some ability to evade this of course the stock market has gone up dramatically in the last four years but for the ordinary person who's out there trying to earn a wage it's an entirely different situation because their salary hasn't gone up at all and yet the cost of things like gasoline and heating oil has gone up dramatically i mean so we have much talk right now about various. taxes we have both candidates talking about their tax policies we have the fiscal cliff with the possible
is a fifteen trillion dollar economy so one point six trillion dollars is about ten percent of that ok and so now you're saying that and deficit spending of the thankfully a tax could have a tax fall most debt and most heavily on and the populace even if evenly on everybody and everyone and that's the problem with that there is no progress it would be to it it is a flat tax for all intents and purposes on every dollar of production because each dollar of credit in currency is devalued and so...
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what about the economy? this is going to be the top issue in this domestic oriented debate tomorrow night. can you get any closer than that? one thing i want to talk about. the gender gap. weaver seen it. and here's a brand new poll from quinnipiac university, another survey in the last hour, not even that. look at that. president with a very large advantage among women voters. in our poll it was a little smaller but the president also had the advantage. mitt romney has an advantage among men but not by as much. >> ten points. not enough to make up for the gap with women. thanks very much for being with us this morning. great to see you in person. >> great to be here. >> in a few minutes sean spicer will join us live. he's the communications director for the republican national committee. >> also ted strickland the obama campaign's national co-chair. >>> word that an egyptian nil tant freed from prison in the wake of the arab spring is linked to the attack on the u.s. consulate in libya that killed four amer
what about the economy? this is going to be the top issue in this domestic oriented debate tomorrow night. can you get any closer than that? one thing i want to talk about. the gender gap. weaver seen it. and here's a brand new poll from quinnipiac university, another survey in the last hour, not even that. look at that. president with a very large advantage among women voters. in our poll it was a little smaller but the president also had the advantage. mitt romney has an advantage among men...
SFGTV: San Francisco Government Television
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well, and if we work tokt, we can create those and instigate and innovate our new ideas for the new economy and our mutual obligations on the environment, and then there is something that paris and san francisco hold very dearly and that's an ongoing conversation about our human rights as world leaders, so it's human rights, it's the environment, it's the economy and these are the reasons why we hold our relationship with paris and with all the other great cities of the world in a sister city relationship so dearly, we learn from each other, we send delegations to each other, we welcome each other to the city but in each and every instance, we are always thinking about ideas about how we can help each other and help regions improve, so i am excited to have met with the mayor just a few minutes ago to reaffirm our relationship and we'll sign that in a few moments to document that and to promise each other that we will continue this very great relationship and we could not have done it without the involvement of our private citizens, tom horn has led a fantastic group of volunteers on our sis
well, and if we work tokt, we can create those and instigate and innovate our new ideas for the new economy and our mutual obligations on the environment, and then there is something that paris and san francisco hold very dearly and that's an ongoing conversation about our human rights as world leaders, so it's human rights, it's the environment, it's the economy and these are the reasons why we hold our relationship with paris and with all the other great cities of the world in a sister city...
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in the economy. i never met the poorest performer, either. it is about presenting -- the poorest farmer, either. let me talk about mistakes. i have made mistakes. before i got elected, i said my daughters are available on national tv. that was a pretty big mistake. i am still paying for that one. the difference between i make a mistake, i corrected. i immediately corrected. professor warren, when she made a mistake and misled the voters of massachusetts, it is not that she did not hear the question. this went on for five weeks of the media asking her specifically how they came to know that she was a native american. >> he always ask you professor warren. you think he is trying to cast you as an elitist professor in the eyes of the voters? does that bother you? >> it does not bother me. i worked very hard for this and it does not bother me. >> the boston globe reported she is proud of being a professor. whenever i see my professors from school, i say hello professor so-and-so. she has earned the title
in the economy. i never met the poorest performer, either. it is about presenting -- the poorest farmer, either. let me talk about mistakes. i have made mistakes. before i got elected, i said my daughters are available on national tv. that was a pretty big mistake. i am still paying for that one. the difference between i make a mistake, i corrected. i immediately corrected. professor warren, when she made a mistake and misled the voters of massachusetts, it is not that she did not hear the...
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>> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up this economy and great growth. you can't do anything in this country until you get growth going again. until there are plans in place. talking about a tax reduction so that they can spend more money. so that they are xare competiti with over seas people. >> you heard governor gilmore and in your opening, you basically said okay the economy is not as bad as you think. what i want to hear is what you and president obama would do in a second term. what positives would you put into place? >> we do need a jobs bill. someone said that the recovery bil
>> the economy is another serious problem. that is another way of talking about the plight of real people out there. after four years of stewardship, i can say that we are not moving in the right direction. we are picking up 100,000 jobs a month. you have to have 180,000 just to keep pace. we are not in a recovery. growth is under 2% while it has been 2.2. that is why we are sitting around after all these years. we have a specific plan. that plan are tax incentives in order to build up...
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how is the economy doing? >> nancy collins out with her dog buttercup says ideally she wants a candidate who shares her family values but says economic issues trump everything else. >> i don't like where we are right now and i don't agree the policies considering them happening here. but we came out of the worst economy. in how many years? i don't know if anybody could have fixed it. >> bret: are you driven to vote one way? have you decided yet? >> i decided. >> bret: can i ask you? >> sure. i am definitely going to vote for romney. the change will be good. >> economy at the top of my list. if that is strong, even is strong. >> helen rice, owns an artisan market in littleton. she is anxious to see how president obama talks about the country's economic future over the next four years. >> i feel as a business owner the economy is still kind of shaky. it wouldn't take a lot to make that real unstable. but i feel like we made progress in the last four years. >> what factors in for her? >> i care about the middle c
how is the economy doing? >> nancy collins out with her dog buttercup says ideally she wants a candidate who shares her family values but says economic issues trump everything else. >> i don't like where we are right now and i don't agree the policies considering them happening here. but we came out of the worst economy. in how many years? i don't know if anybody could have fixed it. >> bret: are you driven to vote one way? have you decided yet? >> i decided. >>...
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economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively before he took the stage at the event. now, 700 of the total 1100 jc penney stores are being outfitted with shops.
economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can...
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not in this economy. not in any economy, frankly. in a time of tightened budgets and other fiscal restrictions, it will prove challenging to fully fund nextgen, but do we, instead, continue to risk mounting challenges we face as a nation stuck with a world war ii era radar based air traffic control system? with so much at stake, i urge members of the committee and congress to move quickly to implement nextgen technology. we stand willing, ready, and able to assist at the port authorize of new york and new jersey. thank you. >> thank you, and thank you, all, for your testimony. mr. barger, you have the opportunity to spend a couple years immersing yourself in issues involved and pieces of the problem, and i think you've looked at it from the point of view of your own organization and the opportunities and challenges. i don't know, but i would -- be remiss if i didn't ask if you had any ideas or suggestions or feelings about how the process is going and how it can be speeded up, how -- skeptical -- people in the industry, some of the p
not in this economy. not in any economy, frankly. in a time of tightened budgets and other fiscal restrictions, it will prove challenging to fully fund nextgen, but do we, instead, continue to risk mounting challenges we face as a nation stuck with a world war ii era radar based air traffic control system? with so much at stake, i urge members of the committee and congress to move quickly to implement nextgen technology. we stand willing, ready, and able to assist at the port authorize of new...
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this is a hiccup for the economy. different things have come together. just to give you one interesting statistic. and last seven years, the money supply has grown 600%. it is obvious that this is partly because of the subsidy reform, partly because of repatriation of the funds that have to keep money in the bank. we have had a pickup. throughout the past few decades. -- we have had hiccup periods through the past few decades. who will be the dominant force after this? if we have a situation where the more moderate forces gain the upper hand at the failure of the more hard-line forces, then there would be a rethinking in policy. >> that is a whole concept for another conversation. >> absolutely. >> the state of the economy in the u.s. is also in the spotlight. it is likely to be the focus of the first tv debate between the two candidates to monad. they are both well aware for the need to win the swing states. they are focusing on ohio where both candidates are speaking out to middle-class families. >> if at home with the shorts. a modern-day middle-class
this is a hiccup for the economy. different things have come together. just to give you one interesting statistic. and last seven years, the money supply has grown 600%. it is obvious that this is partly because of the subsidy reform, partly because of repatriation of the funds that have to keep money in the bank. we have had a pickup. throughout the past few decades. -- we have had hiccup periods through the past few decades. who will be the dominant force after this? if we have a situation...
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as somebody who projects an air of authority, especially when he talks about the economy. that is the private sector track record. the flip side, the weakness is the 47%. some of the attacks he's taken in terms of that business record. i think mitt romney's biggest problem though, chris, is the sense people can't be sure exactly if he believes what he's saying. he needs to project authentic passion for what he believes his plan would do for the american economy to make the 47% lives better as well as the other 53. >> what do you think, e.j.? >> i thought the definitive line on politics, what you need is sincerity, if you can fake that, you can do anything. it's troublesome on this question of authenticate. what is authenticity? romney has taken a number of positions on issues which you will be sure obama will try to sneak in there somehow. he can be ferocious and disciplined. go back to that newt gingrich debate in florida where he dispatched newt gingrich. he can be very good. i think he can have real highs, but also can have lows and say the darnedest things sometimes. >
as somebody who projects an air of authority, especially when he talks about the economy. that is the private sector track record. the flip side, the weakness is the 47%. some of the attacks he's taken in terms of that business record. i think mitt romney's biggest problem though, chris, is the sense people can't be sure exactly if he believes what he's saying. he needs to project authentic passion for what he believes his plan would do for the american economy to make the 47% lives better as...
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economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are not in a recession we are close to. the big problem is at the end of the year if we have not done something about the fiscal cliff we are going to be in recession very definitely. the rest of the world is slowing down as well. so certainlthe momentum is not good. whether the growth nber for the fourth quarter is a half a percent or three-quartersof% or zero it will feel pretty much the same. we will be close enough to recession to put some real pressure on the lame-duck congress to do something about that fiscal clef. gerri: motors recent in a poll, 60 percent
economy already fallen into another recession. with more on this, american enterprise institute scholar and former u.s. treasury consultants. welcome to the show. great to have you here. ben bernanke speaking today -- >> very good to be here. >> thank you. gerri: the federal reserve chairman speaking today and said we are not in a recession. it is not likely we will be in recession. very optimistic. very beat. are you? >> no. i think we are probably losing momentum if we are...
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not the markets but the economy. what do they want to see and what are their ideas for jump starting america? former michigan governor and president of the business roundtable joining us live. dave: with sales up 95% year to date looks like everyone is thinking small these days. general manager -- that is the smart car. it is a fox business exclusive. cheryl: numbers are huge up 120% for sales year-over-year but first we will tell you what drove the market with the data download. a mixed day with the s&p 500 and the nasdaq eking out gains in the last few minutes of trading. that shows real resilience in the last few minutes. materials and consumer discretionary were the biggest laggers but you saw biotech and utility as the top performers. the euro pull away from the u.s. dollar and down three weeks gaining for the second straight day versus the greenback growing expectations with spain getting closer to seek a bailout from the euro zone boosting currency but the head of spain says not yet. not asking for a bailout y
not the markets but the economy. what do they want to see and what are their ideas for jump starting america? former michigan governor and president of the business roundtable joining us live. dave: with sales up 95% year to date looks like everyone is thinking small these days. general manager -- that is the smart car. it is a fox business exclusive. cheryl: numbers are huge up 120% for sales year-over-year but first we will tell you what drove the market with the data download. a mixed day...
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the problem is 74% of our economy is consumer spending. so in the short-term, it could be a negative impact, but in the long-term, it's probably a positive. >> brian sullivan, thank you. >>> up next, travel like the president. peter alexander shows us what it takes to move the leader of the free world from place to place. we'll be right back. humans -- even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >>> have you ever wondered what it's like to travel like the president of the united states? or like steve rattner? a new travel channel series explores what life on the road is like for some of the country's most high-profile people. nbc news correspondent peter alexander takes us inside the logisti logistics. >> reporter: aboveground when two certain presidents
the problem is 74% of our economy is consumer spending. so in the short-term, it could be a negative impact, but in the long-term, it's probably a positive. >> brian sullivan, thank you. >>> up next, travel like the president. peter alexander shows us what it takes to move the leader of the free world from place to place. we'll be right back. humans -- even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual...
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that's not a way to build the economy. it's a way to build the economy if you're mitt romney and you want to do it from the top down, but not from the middle out. that's what this debate will be about tomorrow. >> i want to move on. how would you have phrased that one line? what would have been a better way to say it? >> well, look, i'm not going to parse the words of the vice president. i thought it was very clear. i don't think anybody misunderstood what he was talking about. look, the romney campaign is at a point where they true to seize on one syllable or one inflection point to try to make things into this gaffe or that gaffe. i'm happy to have this debate. >> well, robert, we will move on, but you know that both sides pick at that game, picking at every word and every syllable to pick up a gaffe and put out a press release out about it. >> it's been an gold medal olympic sport. >> good one. mitt romney, he may have given us a little preview of what he'll be saying in the debate tomorrow. listen to what he had to say
that's not a way to build the economy. it's a way to build the economy if you're mitt romney and you want to do it from the top down, but not from the middle out. that's what this debate will be about tomorrow. >> i want to move on. how would you have phrased that one line? what would have been a better way to say it? >> well, look, i'm not going to parse the words of the vice president. i thought it was very clear. i don't think anybody misunderstood what he was talking about....
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find out what's really happening to the global economy with. global financial headlines kaiser reports. this is. different to refining. all. define honesty. ok there's always room to see if you. distance east we went. down and we put it inside all we said fly on the open up that. green stone cold day when. we gave up that we don't get greedy to. do each leg that's good to know is he on to . define our speech. on. monday with. quantity which by what i do with google. can you say it's dirty it's dangerous. in a corner of a dying micro fisherman turn borders of crude oil are just trying to get by. a nightmare no. more of a parallel economy which learn the basics of refining from oil company technicians . where does the crude come from and where does the refined products go. to c.n.n. and. of course. the deceased. did you know was. well known clearly not anything everybody's trouble nice old still would go to find the last. days i will only. stills an operating out boiling refined oil residues on the under still tal's will be thrown into a hole dug
find out what's really happening to the global economy with. global financial headlines kaiser reports. this is. different to refining. all. define honesty. ok there's always room to see if you. distance east we went. down and we put it inside all we said fly on the open up that. green stone cold day when. we gave up that we don't get greedy to. do each leg that's good to know is he on to . define our speech. on. monday with. quantity which by what i do with google. can you say it's dirty it's...
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remember, please the economy is at stall speed. unemployment 8%, and foreign policy in the middle east unravelling, little mention in the mainstream media. listen from the obama campaign team in advance of debate campaign spokeswoman, quote, what the american people are looking for is not just a professorial list of facts or accomplishments or even goals. obama has a tendency to give long substantive answers. simply, she is saying the president too smart for the average american. here is the washington examiner's reaction to that quote. worry about obama being too professor professorial to couch-sitting beer drinkers. the polls have him ahead and bill o'reilly is here to talk about the debate and how the media will spin it. all the names at the top of the hour. bill o'reilly. and talking to college student at university of michigan as part of the job creations solutions tour, and responded to the heckler. listen to this. >> this is the-- [crowd boos] . >> usa, usa. >> and that economy 25% of the world gdp. stuart: you want to hear
remember, please the economy is at stall speed. unemployment 8%, and foreign policy in the middle east unravelling, little mention in the mainstream media. listen from the obama campaign team in advance of debate campaign spokeswoman, quote, what the american people are looking for is not just a professorial list of facts or accomplishments or even goals. obama has a tendency to give long substantive answers. simply, she is saying the president too smart for the average american. here is the...